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CLEVELAND COUNTY PROMISE INC

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Tax-exempt status may be revoked

CLEVELAND COUNTY PROMISE INC

EIN 46-1266392 · Scholarships & Student Financial Aid (B82)

What they do

THE CLEVELAND COUNTY PROMISE IS A NONPROFIT ORGANIZATION FORMED TO PROVIDE ALL GRADUATES OF ANY CLEVELAND COUNTY HIGH SCHOOL WITH A SCHOLARSHIP COVERING TUITION AND ANY MANDATORY FEES, THAT CAN BE USED AT ANY ACCREDITED TWO OR FOUR-YEAR, PUBLIC OR PRIVATE COLLEGE OR UNIVERSITY IN THE UNITED STATES. WITH THE AID OF PRIVATE DONORS AND MINIMUM PUBLIC FUNDING, THE PROMISE PROGRAM WILL HELP PREPARE YOUNG ADULTS TO BECOME PRODUCTIVE CITIZENS BY PROVIDING A QUALITY EDUCATION AND A SAFE LEARNING ENVIRONMENT WHERE STUDENTS FEEL CHALLENGED, RESPECTED, AND ACCOUNTABLE AS THEY STRIVE TO MEET THE DEMANDS OF ADULTHOOD.

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders1 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

0.00%of revenue went to mission work78.5% of expenses · Program services
0.00%of revenue went to fundraising1.3% of expenses
0.00%of revenue went to management and office costs20.2% of expenses
$21.55in assets for every $1 spent this yearSome assets cannot be spent right away.

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Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Expenses$843

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$662 · 78.5% of expenses
Management and office costs$170 · 20.2% of expenses
Fundraising$11 · 1.3% of expenses
See all reported dollar amounts
Expenses$843
Assets$18,164
Mission work (program services)$662
Fundraising$11
People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (1)

BRYON GRAGGPRINCIPAL OFFICER

About this charity

Recognized since
March 2013
Location
9 EAST MARION STREET, SHELBY, NC 28150
County
Cleveland
Primary officer
Bryon Gragg

How to reach them

Filing and classification

Latest tax year
2021
Tax period began
January 1, 2021
Return type
990
Tax preparer
GRAGG & GRAGG LLP
NTEE classification
Scholarships & Student Financial Aid (B82)
IRS tax category
Scholarships & Student Financial Aid
Revocation date
May 15, 2025

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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